Uncertainty in forecasts of long-run economic growth
نویسندگان
چکیده
منابع مشابه
Long-run Economic Growth and Human Capital
Economic growth is usually viewed from a short-term perspective but it is long-term growth that has been the basis of wealth and power for nation states throughout history. It is the basis also of the additional jobs and higher living standards that we all desire today. Most economists are happy enough, I think, to be labelled ‘pro-growth’. They do argue, however, about the priority to be attac...
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this paper extends endogenous growth models through augmenting it with government budget and oil revenues as well as the effect of public investment efficiency on long run growth of private and government consumption and import for an oil producing economy. based on the extracted model, the optimal growth rate of government current expenditure (or consumption) has a positive relation with the e...
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ژورنال
عنوان ژورنال: Proceedings of the National Academy of Sciences
سال: 2018
ISSN: 0027-8424,1091-6490
DOI: 10.1073/pnas.1713628115